The Beacon-equipped sensors, which communicate with a smartphone's Bluetooth technology, are packed into small, thin tags the size of a guitar pick. They can be attached and tucked into whatever needs tracking. This means if you lose your wallet, you'll be able to power up the Pixie app (for iOS or Android) and see the precise location of where it was when it went out of range (about 150 feet from your mobile device).

It works inside the home, too. If you stick a Pixie Point on the back of the TV remote, you'll be able to track where you saw it last.

While tracking tags are hardly new — we've seen companies like Motorola and Tile dole out similar products before — they've never really taken off, largely due to accuracy issues and range (most don't keep track of objects outside the home).

The app also offers a "last seen" feature, which alerts the user of the last logged location of their Pixie Point. The tags notify users when it moves out of range, too — this is also a good way to make sure you don't leave the house without a certain item.

Pixie Points can be tracked down to a few inches of their actual location. So while the Find my iPhone feature might be able to show the device is somewhere at your home address, Pixie can tell you when it's sitting on your nightstand.

If an item is lost outside of the 150 foot range, the Pixie app offers a "last seen" feature, which alerts the user of the last logged location of their Pixie Point. If a user didn't acknowledge their mobile alert notifying them that they have traveled out of tracking distance, they can easily go back to retrieve the object with the Pixie Point

In addition, the app creates an augmented reality map of all your stuff, so you can visually see where things are hanging out. Anything with a Pixie Point attached can "talk" to other items with a tag, essentially forming a network of all your things. There's also an augmented-reality map component of the app, making it possible to visually see where all your tracked items are at one time.

While the company said the tags will need replacing every 18 months, the good news is they're relatively cheap: A pack of four will cost you $39.95. It starts shipping this summer.

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